IFRS 13 fair value measurement


A lot of international financial reporting standard calls for the use of fair value, for example IAS 40 (investment property - fair value model), IAS 38 (intangible assets - revaluation model), IAS 36 (impairment of assets - fair value less costs to sell), IFRS 9 (financial instrument), etc. IFRS 13 applies when accounting pronouncements require or permit fair value measurements, measurements based on fair value (such as fair value less costs to sell) and disclosures about fair value measurements. The standard's disclosure requirements apply to items measured at fair value and also to items that are not measured at fair value. 

This course is designed to help you understand the basic concepts of fair value measurement, the scope of IFRS 13 standard, the 5 steps of measurement as well as the main valuation approaches (market approach, income approach, cost approach) defined by the standard. As fair value disclosures are emphasized in the financial statements, the final part of the course covers IFRS 13 standard's disclosure requirements. Practical examples and interim tests are included in this e-learn to enhance understanding.

This course will enable you to:

  • define the underlying principle of IFRS 13 standard and fair value measurement
  • identify which fair values are out of the scope of IFRS 13 standard
  • understand the 5 steps of fair value measurement
  • define fair values for assets and liabilities
  • identify different valuation techniques (market-, income- and cost approach)
  • determine the preferred method for measuring fair value
  • review and understand the main focus of fair value disclosures according to IFRS 13 standard

Further information:

  • Training hours: 60 minutes 
  • Language: English

This e-learning course is part of an e-learning series designed by PwC Academy Hungary which aims to provide a comprehensive overview of the application of IFRS (IAS) standards to finance and accounting experts who are already familiar with fundamental (local) accounting and reporting processes.


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Contact us

Ana Cetkovic

Ana Cetkovic

PwC's Academy Coordinator, PwC Montenegro

Tel: +382 67 643 304